Kaminsky's Call: Let This Stock Feed Your Inner Yield Hog

Say it together now: stocks are not bonds. You don't buy them purely for income.

But if you must, there is one name that's titillating my inner yield hog.

If you're looking to double down on dividends, my call-to-action is to consider Public Storage, and here's why:

While the 10-Year Treasury currently yields just under 3 percent, Public Storage, a real estate investment trust, sports a dividend that is just shy of 3.25 percent. Close numbers for sure, but at least with PSA you have a shot of capital appreciation.

And that's the beauty of PSA as an income play; it will not only provide you with a steady stream of cash, but it could also help you grow your capital.

The fundamentals of Public Storage are very strong. In good times and bad, PSA offers something everyone wants: space.

Specifically, PSA offers storage space for both business and personal use. And that allows the company to do well in good times and bad as there is never a shortage of people or companies that need to move and store items.

Of course, this REIT will likely not double over the next year as it is a slow-growth name. But that's not really the point. In a low-rate environment like the one were in, PSA should likely appreciate while it generates cash, giving yield-hungry investors a good place to store cash.

"The Strategy Session," hosted by David Faber and Gary Kaminsky, airs weekdays at Noon ET on CNBC.

DISCLOSURE:Gary Kaminsky does not hold any equity positions.

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